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RBI fixed guarantors' responsibility 2 years ago but not their credentials

May 24, 2016

RBI fixed guarantors' responsibility 2 years ago but not their credentials

It is good that the RBI in its September 2014 circular went tough on the guarantors of wilful defaulter but it should have at the same time made the credential of a guarantor also clear #Vijay Mallya #Kingfisher #Bank loan #wilful default #Guarantor #farmer Manmohan Singh
Vijay Mallya case: ED calls up more banks to get details of transactions

May 16, 2016

Vijay Mallya case: ED calls up more banks to get details of transactions

The Enforcement Directorate has asked around half a dozen lenders of Kingfisher Airlines to furnish details of the financial transactions conducted by the long-grounded air carrier and its top executives. #Enforcement Directorate #NewsTracker #SEBI #Vijay Mallya #Kingfisher
Collector allows banks to take over Mallya's Kingfisher Villa in Goa

May 11, 2016

Collector allows banks to take over Mallya's Kingfisher Villa in Goa

The Villa, valued at Rs 90 crore, used to be Mallya's base in Goa and also the venue of many of the famous parties hosted by him. #NewsTracker #Supreme Court #Vijay Mallya #Kingfisher #United Spirits #United Breweries #North Goa #Kingfisher Villa
SpiceJet now offers high-end cars worth Rs 25 lakh as perks for staff

May 11, 2016

SpiceJet now offers high-end cars worth Rs 25 lakh as perks for staff

Spicejet is offering its senior and middle level staff high-end cars worth Rs 25 lakh as a retention measure. If they stay for 4 years or more with the company, they even get to keep the car. #NewsTracker #SpiceJet #IndiGo #Cars #Kingfisher #ESOP #Employee Retention #Vistara
Cheque bounce case: Mallya order postponed to 25 May

May 09, 2016

Cheque bounce case: Mallya order postponed to 25 May

A Hyderabad city court on Monday postponed till 25 May its order on the quantum of sentence for industrialist Vijay Mallya in two cheque bounce cases filed against him by the GMR Hyderabad International Airport Ltd. #Vijay Mallya #Kingfisher #GMR #Mallya #cheque bounce
Bankruptcy Code is a dud unless executed right; India has too many good laws that we failed smartly

May 06, 2016

Bankruptcy Code is a dud unless executed right; India has too many good laws that we failed smartly

It’s a law that would enable banks to push for resolution/recovery of the money from a troubled company within a period of 180 days, with a grace period of another 90 days if majority (75 per cent) of creditors agrees. #Narendra Modi #Rajya Sabha #Lok Sabha #Vijay Mallya #Kingfisher #bankruptcy code #DRT
Expulsion not enough, we must examine how a Vijay Mallya makes it to Rajya Sabha

May 04, 2016

Expulsion not enough, we must examine how a Vijay Mallya makes it to Rajya Sabha

Merely expelling Mallya is insufficient atonement of the polity, the question needs to be asked – how do people like Mallya get into the august Rajya Sabha? #Congress #BJP #Rajya Sabha #PoliticsDecoder #Vijay Mallya #BSP #parliament #NRI #Kingfisher #Dalits #Kanshi Ram #MP #Member of Parliament #Upper house #expulsion #King of Good times #bank loan defaulter
No honourable exit for Vijay Mallya? RS Chairman rejects resignation

May 04, 2016

No honourable exit for Vijay Mallya? RS Chairman rejects resignation

Liquor baron Vijay Mallya sent a resignation letter to the Rajya Sabha, however, Chairman of the Upper House, Hamid Ansari rejected the resignation letter #Rajya Sabha #NewsTracker #Vijay Mallya #Default #Kingfisher #Hamid Ansari #liquor baron #loan defaulter
Vijay Mallya vs banks: All-or-nothing approach won't get them a penny

May 03, 2016

Vijay Mallya vs banks: All-or-nothing approach won't get them a penny

in Vijay Mallya's case, it appears, banks think quite differently from common lenders. They have taken the all-or-nothing approach to recover dues from him, which they claim amounts to around Rs 9,000 crore. #InMyOpinion #Vijay Mallya #Kingfisher #wilful defaulter #loans. banks #visa revocation